tag:blogger.com,1999:blog-34323687.post4595098789197985930..comments2024-03-29T09:24:42.731+00:00Comments on Macro Man: Blood From A StoneMacro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-34323687.post-46744197217553409952009-08-28T06:51:52.734+01:002009-08-28T06:51:52.734+01:00hi MM, slightly digressing from this post, I would...hi MM, slightly digressing from this post, I would like to know why asset managers need to re balance their currency portfolio on month end? I mean basis on which they decide whether to buy or sell USD on month end? Thanks.Pratik Kotharinoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-76862845896204690862009-08-28T01:09:52.497+01:002009-08-28T01:09:52.497+01:00Can someone explain why the SPX had a rally today ...Can someone explain why the SPX had a rally today - and how long this could go on?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-2172265732650221472009-08-28T00:41:41.941+01:002009-08-28T00:41:41.941+01:00Glad I'm short Chinese equities, not US ... le...Glad I'm short Chinese equities, not US ... less market manipulation there!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-77352367578275127702009-08-27T20:31:11.689+01:002009-08-27T20:31:11.689+01:00Macro Man, as the darts commentator in England lik...Macro Man, as the darts commentator in England likes to say (Geordie accent): "Double top !!"leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-30380005776420720272009-08-27T20:26:58.592+01:002009-08-27T20:26:58.592+01:00Professional Gringo,
That hail mary equities rall...Professional Gringo,<br /><br />That hail mary equities rally this afternoon off SPX 1015 is the spitting image of said scraggly cat popping out of the bushes.Crisis Managementnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-56546914372655046062009-08-27T17:25:45.333+01:002009-08-27T17:25:45.333+01:00Seems as though the rules are changing..FX anybody...Seems as though the rules are changing..FX anybody?<br /><br />Every morning when I walk my two slobbering 100 pound beasts, a cat named Claude sallies forth from the bush and attacks my party. It all started a week or so ago and is definitive proof that the laws of nature have turned upside down.Professional Gringonoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-90822911569230173642009-08-27T17:10:19.120+01:002009-08-27T17:10:19.120+01:00I think also some sort of US tightening is startin...I think also some sort of US tightening is starting to be priced in.<br /><br />The worst hit will be China, as US consumers have less spending powerAmedinhttps://www.blogger.com/profile/00613150378307485314noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-1527929869383413112009-08-27T14:56:43.581+01:002009-08-27T14:56:43.581+01:00Second that dblwyo!
Also, I would add Chinese inv...Second that dblwyo!<br /><br />Also, I would add Chinese inventory build up is way over done!. Just check out recent steel, iron ore, and aluminum price&over capacity figures. One can find similar story in chrome ore as well (major material for stainless steel production.)<br /><br />AOAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-59833549792409378752009-08-27T13:28:20.193+01:002009-08-27T13:28:20.193+01:00Just for the record the DG new orders x-Aircraft w...Just for the record the DG new orders x-Aircraft was down almost -25% yoy. We may not be cliff-diving but we're at the bottom broken, crawling on sharp rocks and bleeding.<br />THAT seems like the macro-theme: mis-reading the economic data and speculating on a V.<br />Remember the nose-dive in Mar happened when the real economic data became clear to the Markets, despite some (ahem)talking about it for weeks, even months.<br />Also remember we've been running up on earnings surprises based on cost-cutting (real businesses)and manipulation (finance). You see Dave Rosenberg's newsletter ?dblwyohttp://bizzxceleration.llinlithgow.com/noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-3696116088333241442009-08-27T12:33:25.776+01:002009-08-27T12:33:25.776+01:00Perhaps a calendar spread is a better way to play ...Perhaps a calendar spread is a better way to play short sterling. It seems rather steep right now.<br /><br />- ASAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-41303963479383407972009-08-27T11:35:12.941+01:002009-08-27T11:35:12.941+01:00Chalco getting its limbs ripped off and bludgeoned...Chalco getting its limbs ripped off and bludgeoned with the soggy ends in HK. Expecting this to play out a bit further yet. Vale - you're next.Nemo Incognitohttps://www.blogger.com/profile/07345185457108156269noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-35882745163837104142009-08-27T10:34:39.918+01:002009-08-27T10:34:39.918+01:00is GBP going to become the hard core funding curre...is GBP going to become the hard core funding currency?<br /><br />faint whiff of a new negative trend starting against, well everything.Anonymousnoreply@blogger.com